Ficc revenues break downward trend in 2016
All US banks saw revenues grow, but results for European banks were mixed
The world's 12 largest corporate and investment banks saw their revenues from fixed income, commodities and currencies (Ficc) grow in 2016, for the first time in four years, according to a report by business intelligence provider Coalition.
The strong showing is overwhelmingly due to increased trading on the back of the UK's vote to leave the European Union in June and the US presidential election in November. Ficc income of the world's largest investment banks rose by 8.6% in 2016 to $75.9
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